The price of risk as measured by the SP 500 in a long term view looks lower. Much lower
Interestingly in the last two weeks gold and commodity prices have declined substantially. Commodities in liquidation of speculation that economic growth will be closer to gravity than infinity
Gold because presumably EU central banks are selling to raise the chips to contribute to the ESFS pot.
Similarly US 10 year and 30 year treasury yields increased sharply in two days implying a selling of US treasuries by the EU for the same reason.
Man overboard
Michael G. Eckert (10 Per Page) - Public ChartList - Free Charts - StockCharts.com: - Sent using Google Toolbar
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